Comments on: DBS Bank and A Series of “Unfortunate Events”?

By: CPF Life – A Critical Analysis : The Temasek Review

CPF Life – A Critical Analysis : The Temasek Review — Mon, 21 Sep 2009 01:12:43 +0000

[...] >> DBS and a series of ‘unfortunate events’ [...]

By: just for laughs

just for laughs — Wed, 09 Sep 2009 14:26:14 +0000

They are notorious for the toxic bonds they sell way before the lehmen brothers debacle. Josie Lau proves that DBS is a highly religious organization too in support of a single religion and is responsible for the souring of religious ties in Singapore today.

By: HN5

HN5 — Wed, 09 Sep 2009 04:34:37 +0000

I have one more event to add to your list:
The design, creation, and packaging of Lehman-linked credit notes in Singapore and Hong Kong. No other Singapore banks were directly involved in the creation of such toxic products for sale

By: cheats

cheats — Tue, 08 Sep 2009 05:33:32 +0000

” Warning ” to all your friends and family member to be very careful of this bank with your money…they veil as an angel but a real devil in disguise out to cheat…through veil presentation of their product as risk free…” many entities in a basket look and sound very safe but the truth is..more entities more risk…just an opposite fact. I started young from POSB and work hard all my life and started banking with this Bank as patriotic Singapore citizen since is our National Bank but turn out to cheat you of your life saving. Retribution..for their evil deeds…CEO died of cancer and now get an Indian nationals to head the Bank…Singaporean got no talents as the Chairman collect huge $$$ in salary….

By: Damon Yeo

Damon Yeo — Mon, 07 Sep 2009 14:21:33 +0000

Thanks for the comments.

@forgetitlah – can you elaborate your point?
@miss out – which offshore bank did DBS miss out? and compensation package is another subjective topic altogether, it’s not easy to judge whether someone is overpaid or not.
@Roland – I do not dispute that financially DBS is a very strong bank. If you look at the 12 metrics used, none of them measures customer/employee satisfaction (these are very hard to measure in the first place). My intention is to highlight these incidents.

By: Ronald Ng

Ronald Ng — Mon, 07 Sep 2009 05:18:33 +0000

Sep 7, 2009

SOUTH-EAST Asia’s largest lender, DBS Bank, has been named the Best Asian Bank at the FinanceAsia Awards.

The announcement by the Hong Kong-based magazine last week saw DBS beating 10 other banks in the region for the title.

According to FinanceAsia, the Best Asian Bank award is given only to the creme de la creme of Asia’s top banks.

‘The decision on the winning bank is a highly quantitative one, with how each bank scored on a number of key performance metrics. DBS scored the highest of the 11 shortlisted banks,’ said

FinanceAsia editor Lara Wozniak.

DBS was picked from a pool of 11 banks that have individually won the Best Bank award in their home territory.

They include China’s ICBC, India’s HDFC Bank, Malaysia’s Public Bank, South Korea’s Kookmin Bank and Taiwan’s Chinatrust Commercial Bank.

FinanceAsia ranked the banks by a series of metrics and by their scores in Standard & Poor’s Bank Fundamental Strength Ratings.

The 12 metrics were: return on assets, return on equity, profit per employee, total profit, total assets, percentage of net income derived from fee business, market capitalisation, non-performing loan ratio, growth rate, number of employees, price-to-book ratio and net interest margin.

DBS, along with local rivals United Overseas Bank and OCBC Bank, were also recently ranked as the safest banks in Asia.

By: miss out

miss out — Sun, 06 Sep 2009 14:28:39 +0000

In the above article, you had missed out on the failed bid of off shore banks and also over paying for certain HK bank and the coming and going of CEOs (both dead and life ones).

By: forgetilah

forgetilah — Sun, 06 Sep 2009 13:03:47 +0000

if not for POSB, DBS would have been in a much worse position than OCBC.